The South Korea Residential Real Estate Market size is estimated at USD 345.19 billion in 2024, and is expected to reach USD 637.92 billion by 2029, growing at a CAGR of 13.07% during the forecast period (2024-2029).
The increasing housing demand drives the market. Furthermore, the market is driven by the increasing construction of apartments in the country due to land scarcity.
The South Korea Residential Real Estate Market is fragmented, with many regional and local players and a few global companies. Public services mostly dominate the housing or residential development in South Korea. Government agencies, such as the Korea National Housing Corporation and the Korea Land Development Corporation, primarily undertake housing developments in Korea. Dongbu Corporation, Hines, Shinyoung (Greensys), Korea Land and Housing Corporation, Booyoung Group, and HDC Hyundai Development are prominent players in the market. Growing residential and affordable house construction in the country generates several opportunities for companies in the industry.
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